Fixed Income Update
Bonds are well-bid across the curve, though worries over the GSEs appear to have dissipated somewhat into the slow lunch hour.
The 30yr future is up 16 ticks to just over the 118 mark. The 10yr is up 12 to 116-21, and the 2yr is up 4 ticks at 106-17.
The short end has seen plenty of buying as well, with the 4wk bill yield down 6bps to 1.75%, the 3-month yield down 8bps to 1.71%, and the 6-month yield down 6bps at 1.90%. The 1yr bill has been bid up to yield 2.04%